Market Factors: Why Wednesday could be the most important market day left in 2024

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 59 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 66%

Newsletter ニュース

Market Factors,Marketfactorsnewsletter

Plus, Rosenberg’s revised market call and why women are better at TFSA investing

In this edition we cover the equity market’s monster, Nvidia Corp., which reports earnings on Wednesday and explain why it’s even more important than you think. Google’s “Code Red” in response to ChatGPT is also discussed and the diversion covers new developments in poetry .) in July 2017 called “’The smartest company in the world’: Why this stock could be a solid bet for future riches.” Did I buy any? No. This cements me firmly as NOT the smartest investor in the world.

BofA Securities equity-linked analyst Gonzalo Asis explained why in a Monday research report. He said Nvidia drove 20 per cent of the entire S&P 500’s return over the past 12 months. It is forecast to determine 25 per cent of the entire benchmark’s profit growth for the third quarter. He concludes that “with the market taking a breather last week following the election rally, we believe NVDA earnings can dictate the near-term direction of the market.

There are also broader trends that Nvidia’s earnings report might affect. BofA’s own quantitative U.S. equity strategist Savita Subramanian is noting a record valuation discount between the conventional, Magnificent Seven-dominated market cap weighted S&P 500 and the equal weighted benchmark. Nvidia, as the most magnificent of the seven, could hasten the trend away from recent technology market leadership.

But, younger cohorts are increasingly using TikTok, Meta and GPT “at the top of the e-commerce research funnel,” according to Mr. Nowak. Innovations in visual search like Amazon StyleSnap, which takes an image and finds similar products for sale, have shown significant growth.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 31. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Market Factors: Top Trump trades and why he’s bad for the loonieSome promising trades for Canadian investors
ソース: globeandmail - 🏆 5. / 92 続きを読む »

Market Factors: Tariffs a danger to Americans tooPlus, a genius bet on the U.S. election and why we need to worry about future demand for equities
ソース: globeandmail - 🏆 5. / 92 続きを読む »

Market Factors: Unlikely source dispels passive investing mythsAlso, an analyst finds 45 million barrels of oil
ソース: globeandmail - 🏆 5. / 92 続きを読む »

Market Factors: Top performing TSX sector has more room to runPlus, Citi’s top U.S. stock picks for this muddled market backdrop
ソース: globeandmail - 🏆 5. / 92 続きを読む »

Market Factors: Five under-discussed reasons to buy stocksPlus, questioning the post-election rally
ソース: globeandmail - 🏆 5. / 92 続きを読む »

Market Factors: A 75 basis point rate cut would not be that surprisingPlus, how the inflation of the 1970s relates to today and the most important indicator for household debt
ソース: globeandmail - 🏆 5. / 92 続きを読む »